Fervo Energy
IPONext-Generation Geothermal Projects
Houston, United States · Founded 2017 · $1.1B raised
- Headquarters
- Houston, Texas
- Employees
- 51–200
- Founded
- 2017
- Business Model
- B2B
- Website
- fervoenergy.com
- Total Funding
- $1.1B
- Last Round
- $462.0M Series EDec 2025
- Rounds
- 6
About
Fervo Energy develops, owns, and operates next-generation geothermal energy projects designed to deliver 24/7 carbon-free power. The company applies modern drilling and geothermal-development techniques to expand the availability of firm, clean electricity, and it works with host communities while developing its projects. Fervo positions its assets as a scalable source of always-on renewable power for the energy grid.
Summary
Fervo Energy is a Geothermal company based in Houston, United States, founded in 2017. It has raised $1.1B in total across 6 rounds, most recently a $462.0M Series E round in Dec 2025. Investors include B Capital Group, Devon Energy and DCVC (Data Collab).
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Funding History
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May 2026
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Series A through IPO — per-round amounts, valuations, and who invested in each round.
Investors
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